iShares Select Dividend ETF (NASDAQ:DVY) Hits New 1-Year High – Still a Buy?

Shares of iShares Select Dividend ETF (NASDAQ:DVY) hit a new 52-week high during trading on Wednesday . The company traded as high as $144.09 and last traded at $143.92, with a volume of 39485 shares traded. The stock had previously closed at $143.30.

iShares Select Dividend ETF Stock Down 0.1 %

The stock has a market cap of $21.33 billion, a PE ratio of 13.25 and a beta of 0.87. The firm has a fifty day moving average of $136.40 and a 200 day moving average of $129.76.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

Hedge Funds Weigh In On iShares Select Dividend ETF

Several hedge funds have recently added to or reduced their stakes in DVY. Franklin Resources Inc. boosted its holdings in shares of iShares Select Dividend ETF by 0.3% in the 3rd quarter. Franklin Resources Inc. now owns 149,135 shares of the company’s stock valued at $20,156,000 after buying an additional 491 shares in the last quarter. Synovus Financial Corp lifted its position in iShares Select Dividend ETF by 2.2% in the third quarter. Synovus Financial Corp now owns 213,945 shares of the company’s stock valued at $28,898,000 after acquiring an additional 4,549 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in iShares Select Dividend ETF by 572.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 20,685 shares of the company’s stock valued at $2,794,000 after acquiring an additional 17,609 shares in the last quarter. World Investment Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 10.4% during the third quarter. World Investment Advisors LLC now owns 11,354 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in shares of iShares Select Dividend ETF by 4.0% during the third quarter. Sanctuary Advisors LLC now owns 50,096 shares of the company’s stock worth $7,118,000 after purchasing an additional 1,935 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.